Finance Score: -3

Governance Score: 1

Support Score: 5

Liabilities <10%: +3
Excess reserves: -3
Reasonable growth: +1
Volatile income
spending growth: -1
Fundraising costs high: -3

Narrow trustee age band: -2
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 3

MODERN ELECTRIC TRAMWAYS LIMITED

Seaton Tramway provides a link back to the heritage of branch lines and epitomizes the post-war development of domestic leisure and tourism. Today the Tramway has a unique role in connecting Seaton and the Jurassic Coast with the environmental assets of the Axe Valley.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £5,837,838 available, equivalent to 38 months of spending and so may not be able to utilise additional funding
Income has been volatile recently but spending has been maintained
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	£1,622	£1,862	£-240	£372	£6,123	£5,838	37.6	51	33
31/12/21	£2,168	£1,680	£488	£307	£6,364	£6,022	43	50	33
31/12/20	£1,460	£1,192	£269	£200	£5,875	£5,325	53.6	48	38
31/12/19	£1,570	£1,437	£133	£307	£5,607	£5,383	45	50	38
31/12/18	£2,259	£1,258	£1,001	£271	£5,474	£5,394	51.4	32	33
31/12/17	£1,222	£997	£224	£213	£3,991	£3,973	47.8	30	0
31/12/16	£2,021	£1,002	£1,019	£211	£3,400	£3,400	40.7	33	0

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Financial Ratios

Fundraising Costs/Relevant Income: 31.3%
Fundraising Costs/Total Spending: 20%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 6%
Liabilities/Income: 26%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 37.6 months
Net Current Assets/Spending: 2 months
Quick Ratio: 2

Asset Split ?

Established: 9 years
(71 years as a company)

www.tram.co.uk

info@tram.co.uk

0129720375

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes

GiG Classification

Museums, parks, historical sites

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Devon, Dorset, Somerset,

Who it helps

The General Public/Mankind

Who works here?

51 employees
33 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - CRF21 Modern Electric Tramways Ltd
£217,500	08/03/2021	Culture Recovery Fund for Heritage 2020-21
DCMS - CRF20 Modern Electric Tramways Ltd
£435,100	14/10/2020	Culture Recovery Fund for Heritage 2020-21
National Lottery Heritage Fund - Grant to Modern Electric Tramways Ltd
£48,700	09/07/2020	COVID19
National Lottery Heritage Fund - Grant to Modern Electric Tramways Ltd
£465,000	20/06/2017	Seaton Tramway - Travels through Heritage and the Axe Valley

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 53-66

WENDY LOUISE ANITA O'NEILL Appointed: 2023, Occupation: Director

BRUCE CHARLES WARNES (Chair) Appointed: 2015, Occupation: Director, Other trusteeships: THE SHEARS FOUNDATION, THE WM MORRISON DARLINGTON ENTERPRISE TRUST, THE SHEARS FOUNDATION,

MARK ANDREW HORNER Appointed: 2015, Occupation: Company Director / Charity Trustee, Other trusteeships: THE SHEARS FOUNDATION, THE SHEARS FOUNDATION,

NICOLA ELIZABETH STONE Appointed: 2018, Occupation: Heritage Consultant

DAVID WILLIAM KEAY Appointed: 2017, Occupation: Engineering Consultant, Other trusteeships: 7029 CLUN CASTLE LIMITED, VINTAGE TRAINS CHARITABLE TRUST, ROTHER VALLEY RAILWAY HERITAGE TRUST,

Legal constitution

Charitable company registered in England & Wales on 28/10/2015, number: 1164157
Registered at Companies House on 19/05/1953, number: 00519844

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

7 returns made; all on time

Main office

Seaton Tramway
Riverside Depot
Harbour Road
Seaton
EX12 2NQ

Objectives

THE ONLY OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED ARE FOR THE PUBLIC BENEFIT TO:3.1.1 SECURE THE PRESERVATION, RESTORATION, IMPROVEMENT, ENHANCEMENT AND MAINTENANCE OF FEATURES OF HISTORICAL AND INDUSTRIAL INTEREST INCLUDING THE PROVISION OF AN ELECTRIC TRAMWAY AND NARROW GAUGE HERITAGE TRAMS;3.1.2 ADVANCE THE EDUCATION OF THE GENERAL PUBLIC:(A) IN THE HISTORY, HERITAGE AND OPERATION OF TRAMWAYS AND NARROW GAUGE HERITAGE TRAMS; AND(B) MORE GENERALLY IN THE NATIVE WILDLIFE, FLORA AND FAUNA OF DEVON AND DORSET; AND3.1.3 ADVANCE THE ARTS, CULTURE, HERITAGE AND CONSERVATION IN THE AREA OF BENEFIT; AND3.1.4 TO FURTHER SUCH OTHER EXCLUSIVELY CHARITABLE OBJECTIVES AS THE DIRECTORS, IN THEIR DISCRETION, DETERMINE.WHERE THE AREA OF BENEFIT MEANS THE SOUTH WEST OF ENGLAND.

Data Sources